Systems integration company Pansky Holding International is looking at an overseas listing next year, with one possible choice being the Growth Enterprise Market (GEM) in Hong Kong. It is also looking at listing on Nasdaq in the United States or in Singapore. Panksy sells personal computer system integration, software and services and counts among its investors Morgan Stanley and the Government Investment Corp of Singapore. Panksy is eager to list its system integration business but this may be impossible domestically because the China Securities Regulatory Commission gives preference to state firms and is unlikely to approve a company with such high foreign ownership. 'Nasdaq is the broadest market . . . and would probably be best for our development. In Singapore, we have the benefit of GIC as a major investor. GEM is close to the mainland and is about to start. It would be a good time to list there,' said company spokesman Wang Jing. TECHNOLOGY